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china? >> even the japanese economy is about china. the american economy relies on them for the military and -- to maintain a stable balance of power in action -- they are concerned of a change in power. chinese growth makes the japanese economy important. and they will talk about china. >> they have to have japan act -- the second and third largest economies in china and japan, and japan is the counterbalance. >> the u.s. doesn't have the ability to stop china's growth, and will the major economies have the clout to write the rules and set the norms that make sure china's rise is useful. >> we could be talking ofut the security concerns china and japan. this is almost the same, keeping a check on the rising china. >> containing china is not in our means. there is a finite security problem, the island dispute where both sides have been more robust, shall we say, in pursuing the claims as japan buys the islands and china by swarming the waters with paramilitary units, much more aggrressive in the rules of engagement. the prime minister will not a reaffiremd commitment if china shows force
, china. we are warning you. one more time with this nonsense. maybe if you don't mind, it's not a big fine. after all,,you do own a big chunk of our debt. but it's enough. even though you are in your right to tell us tough luck, beijing. neil: do you ever feel like a beggar when you can't get user? welcome, everyone. a crackdown on china for cracking into our computers. step back and ask yourself how china managed to crack into a sensitive defense contractor computer system. scores of other industries and their computers as well. a former president, getting hacked. even apple, yes, apple gets hacked. ask yourself not whether we punish the hackers, but how we had so many getting out from the most sensitive to the most mundane, and everything that everyone in between, supposedly the most technologically advanced country, it is pretty well everywhere. it is embarrassing and humiliating. a very fair commentary. the hackers appeared so measured and delayed and that this stuff keeps happening with such efficiency and speed. more on those attacks in a minute. first to the chinese. it the fol
of china's first emperor opens at the asian art museum in san francisco. the hope is this opportunity to view one of theeatest greatet archaeological discoveries of our time will also help bridge relations between the u.s. and china. abc7 news reporter alan wang has a preview. >> 8,000 8,000 tera cotta warris have been unearthed, but this is the onlyis general. >> i enjoyed looking at the faces. they are all different. >> tonight was the gala opening of the exhibit that coincides with the last public appearance before returning to china. he hopes the exhibit will strengthen u.s.-chinese relations and attract more american students to his country. >> how many people from the private sector are supporting these initiatives? >> only a few war yes, -- warriors are visiting the u.s. they were created by artists some 2,000 years ago after china's first emperor unified the seven waring states and requested a army terra-cotta ary for his afterlife. there are hundreds of archers, but only one with green paints on his face. historians believe he was a military specialist who could communicate w
. and they say the groups conducting these activities are based primarily in china and they say the chinese government is aware of them. the analysts say a group known as apt1 has targeted nearly 150 victims over seven years, institutions and companies around the world. they concluded that the group is likely government sponsored. they traced apt1 to four computer networks in shanghai. the analysts linked two of the networks to a unit of the people's liberation army. unit commanders are said to recruit students with computer skills who are fluent in english. their believed to have recruited several hundred to several thousand members. u.s. law enforcement officials have launched a campaign to crack down on those stealing trade secrets. >> as critical technologies have advanced, criminals have adapted accordingly. our need to keep pace with these changes remains imperative and the stakes have never really been higher. >> reporter: chinese government officials say they are not involved. they say many of the attacks come from the u.s. >> translator: china has also been targeted by hackers. it'
>> reporter: good evening, brian. a day after new evidence that china's military is the source of thousands of cyber attacks against american business, the white house launched a new effort to protect trade secrets. cyber spying and other forms of economic espionage are a growing national security threat, much of it from china. according to a white house report released today. >> the hacker in china can acquire source code from a software company in virginia, without leaving his or her desk. >> reporter: a few keystrokes can result in the theft of designs worth billions. while china denies it engages in cyber war or other thefts of trade secrets, 16 of the 19 cases of economic espionage cited today involve china. victims included big corporate names like ford, dupont, general motors, cargo, dow chemical, boeing and motorola. and when it comes to cyber attacks, this week's revelation about unit 61398 of china's army, located in this nondescript building in shanghai, is only one example. >> this is just one part of what is a very robust military and intelligence chinese governmen
been acting lame. china may indeed be slowing, i don't like to see the oil index plummet. the speculation. i don't like washington back on the front page. they come along at the right moment to put the cabarb on any rally. jellystone national park, yogi. i am concerned about the payroll tax holiday going away. i am worried about higher taxes, autosales could be slowing. did anyone think -- did anyone think we would maintain the streak longer than the ah mazing hittering streak of joe dimaggio. no-hitters endlessly. the late, great marty sly said, we got the chance to watch him, don't fight the tape and don't fight the fed. if the economy is going to slow down because of the fed, don't filt that as a gardener, even if i am a savage fighting machine gardener, i like the concept of rain. i like to believe you can have a garden variety squall. i just think they we were due, over due. maybe for a bit of rain or a thunderstorm. for those of you who don't pay for espn. i saw green bay lose a bunch of games, i have written off the yankees, why can't the market have a losing sessi
. >> remarkable exhibit showcasing the life and legacy of china's first emperor opens tomorrow at the asian art museum in san francisco. it showcases the famous terra cotta warrior statues. here a preview. >> 8,000 terra cotta warriors have been unearthed but this is the only standing general that has been discovered. >> i thought it was interesting looking at faces. they are all different. >> the opening of the exhibit which coincides with the last public appearance before running to china of the counsel general and hopes to strengthen united states and chinese relations and attract more american students to his country. >> how many people from the private sector are enthuse attic about supporting the initiative? >> only a few warriors are visiting the united states, created by artists 2,000 years ago after china's first ever unified the seven warring states and requested a terra cotta army for the after life. there are hundreds of archers but only one with green paint, a military specialist who could, they thought, communicate with the divine. >> a specialists who could predict future battle
the life and legacy of china's first emperor opens at the asian art museum in san francisco. the hope is this opportunity to view one of the greatest archaeological discoveries of our time will also help bridge relations between the u.s. and china. abc7 news reporter alan wang has a preview. >> 8,000 tera cotta warriors have been unearthed, but this is the only general. >> i enjoyed looking at the faces. they are all different. >> tonight was the gala opening of the exhibit that coincides with the last public appearance before returning to china. he hopes the exhibit will strengthen u.s.-chinese relations and attract more american students to his country. >> how many people from the private sector are supporting these initiatives? >> only a few war yes, -- warriors are visiting the u.s. they were created by artists some 2,000 years ago after china's first emperor unified the seven waring states and requested a terra-cotta army for his afterlife. there are hundreds of archers, but only one with green paints on his face. historians believe he was a military specialist who could communic
't want to escape his watershed moment. but first, since president nixon's historic visit to china's how many vigorate president's have not visited that country? the answer coming up after the break. we'll be right back. my mother made the best toffee in the world. it's delicious. so now we've turned her toffee into a business. my goal was to take an idea and make it happen. i'm janet long and i formed my toffee company through legalzoom. i never really thought i would make money doing what i love. [ robert ] we created legalzoom to help people start their business and launch their dreams. go to legalzoom.com today and make your business dream a reality. at legalzoom.com we put the law on your side. . [ phil ] when you have joint pain and stiffness... accomplishing even little things can become major victories. i'm phil mickelson, pro golfer. when i was diagnosed with psoriatic arthritis, my rheumatologist prescribed enbrel for my pain and stiffness, and to help stop joint damage. [ male announcer ] enbrel may lower your ability to fight infections. serious, sometimes fatal events includ
been acting lame. china may indeed be slowing, i don't like to see the oil index plummet. >> still higher tax occur. i think auto sales could be slowing. the dollar is the strongest it's been in seven months. those are all bad, all right? but let's step back for a second. did anyone really think the rally could keep going up week after week after week after week? did anyone think we could maintain this streak anymore than the amazing hitting streak of joe dimaggio? did we really expect this market to throw nothing but no-hitters? oil down the hardest in two months? is that like cal ripken in the end? look, the market has had an amazing run. that would be bad because the late, great marty sly said famously, among so many other terrific admonitions, i hope you did get the chance to watch him when he was on "wall street week." to me, as a gardener, not kidding, a gardener, everyon if am, indeed, a savage, mean, fighting gardener. i like the concept of rain every now and then. i like to believe we could have a garden variety squall and i think this is the beginning of one today. in oth
to president promised? he got them. now here's the bad news. we don't got them. china does. this is america. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and en treats day after day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] one pill each morning. 24 hours. zero hearurn. yeah. then how'd i get this... [ voice of dennis ] ...safe driving bonus check? every six months without an accident, allstate sends a check. ok. [ voice of dennis ] silence. are you in good hands? i'm here to pick up some cacti. it should be under stephens. the verizon share everything plan for small business. get a shareable pool of data... got enough joshua trees? ... on up to 25 devices. so you can spend less time... yea, the golden barrels... managing wireless costs and technology and more time driving your business potential. looks like we're going to need to order more agaves... ah! oh! ow! ... and more bandages. that's powerful. sharble data plus unlimited talk and text. now save $50 on a droid
espionage and cyber attacks from people in china. he listed several cases in which chinese nationals were convicted of stealing trade or secrets. president barack obama expressed his worries last week in his state of the union. he said what he called enemies are trying to sabotage the power grid, financial institutions and air traffic control systems. obama signed a new executive order to strengthen cyber defenses. officials said last year that the number of cyber attacks targeting critical infrastructure has ren draticl dramatically. they reported 198 cases in 2011. only nine two years earlier. >>> japanese and chinese officials have not seen eye to eye over the past few months but two diplomats have found some common ground. they agreed to cooperate on the nuclear program in north korea. shinsuke met in beijing with a special envoy for korean peninsula wu dawei. north korean scientists conducted a nuclear test last week. he said the test and rocket launch in december cannot be condoned. he asked chinese officials in pyongyang to exercise greater restraint. >> japan has high expectations
but not in vein. within days tourist from china claimed the cash and drove to leave this note on their door. thanking them for their honesty. >> it was meant for us. i think it was -- somebody else, money wouldn't be turned in. >> reporter: an act of love for a perfect stranger and a valentine's day unlike any other. >> never forget it. >> no. easy to remember. [ laughter ] >> reporter: he was scheduled to return to china today. he spoke with the couple and invited them to come and visit him anytime and he said he would put them up there and serve as their personal guide in china. >> i was waiting for the reward part. had to be something there. more than a note. >> reporter: they said they weren't expecting a reward. made them feel good. >> good for them. thank you for that. >>> facebook and google teaming up now to help you live longer. >> giving millions of kls to scientists to -- dollars to scientists who are working on diseases. >> i think our society needs more heroes, scientists, researchers, engineers. you are doing the amazing work. the thin
persistent threat. and they say the groups conducting these activities are based primarily in china and they say the chinese government is aware of them. the analysts say a group known as apt1 has targeted nearly 150 victims over seven years, institutions and companies around the world. they concluded that the group is likely government sponsored. they traced apt1 to four computer networks in shanghai. the analysts linked two of the networks to a unit of the people's liberation army. unit commanders are said to recruit students with computer skills who are fluent in english. they are believed to have recruited several hundred to several thousand members. u.s. law enforcement officials have launched a campaign to crack down on those stealing trade secrets. >> as critical technologies have advanced, criminals have adapted accordingly. our need to keep pace with these changes remains imperative and the stakes have never really been higher. >> reporter: chinese government officials say they are not involved. they say many of the attacks come from the u.s. >> translator: china has also b
's day plans. police tracked the bag to a tour frist china who accidentally left it after the family posed for photos. the officer they specific to was shocked they were turning in the money. >> we turned it in and he said you are very good people and we felt proud of doing it. >> the tourist drove all the way to vallejo to thank them. they were not hope and he left a hand written note and invited them to stay in china and stay at his home and they are considering. >> best arches ever, for the bay area. >> a state agency that cleared out a homeless encampment caused a bigger problem, a giant tenth city that popped up a shirt distance away with homeless people putting up tents near the mineta san jose international airport after caltran made the homeless leave. now the city is doing what the state did not do, shut down the camp and move out the homeless. >> folks are mobile. they will move from place to place but i think we have to pay attention to it because it gets worse if it is nut -- not tended to. >> the site is near public transit and it could budget a magnet if homeless from o
and our legacy and also the young kids legacy. thank you >> thank you. moving on >> we request china 13 caffeine and making the ports conference for the support staff. >> i'm sorry commissioner adams your recusing yourself from this. and you should make the motion to recuse >> i move that we recuse commissioner all these. >> now we go back to actually is there any public comment 1, 2, 3, 4. we go back to approve the commissioner to attend the china conference. >> so not. >> second. >> all in favor? resolution 1302 has passed. moving on >> item 10 a presentation on real estate and maritime revenues for the first quarter of 2012 and 13. >> good afternoon, commissioners aim nate with the real estate division i'm here with my colleagues to present the revenue that came 2012 and 13. without getting into all the details we'll just talking about some of the highlights. our vacancy rate is incredible low compared to our history as the market as a whole and it's due to the supply and demand side. the demand suicides has come up from the economy improving. and some tenants have been displ
of cyber attacks from china. i have never seen so much public conversation about this. there's the new report that suggested for the first time that it was not just china generically, but china and this particular unit, an elite unit, of the military. >> what we've seen over the past two weeks is really an explosion of press around the cyber security issue, and i frankly think that's a very good thing because what people on the inside and people in corporate america have seen over the past couple of years is an absolute explosion of theft the u.s. corporate secrets and intellectual property by the chinese made public, as you said, this week, at least some of that by the people's liberation army. what some in the u.s. intelligence community have termed the largest transfer of wealth many history as the chinese have taken the sensitive economic secrets from the u.s. and then put them to use for chinese economic purposes. that has -- those reports along with presidential activity and the issuing of the executive order to try to strengthen u.s. sovereign defenses, those are early steps, bu
balance almost $30 billion, at $29.5 billion. for the second year in a row, china is our major export destination. since two thousand five, exports to china have been growing by 25% annually -- since 2005, exports to china have been growing by 25% annually. no surprise, it is dominated by soybeans and cotton. they have accounted, in recent years, as much as 3/4 of trade to china. if you look at the minor, but still large other exports, for things like coarse grains, corn , feeds and funders, distiller dried grains, or red beets -- red meats, those are showing impressive growth figures as well. in terms of overall exports, values are up for most of the commodity categories. these are exports on a fiscal year basis. you can see that up for most of these categories, with the exception being corn. these are price-driven events. we see volumes up for some categories. for most of the individual commodity categories, we are seeing lower volume. the drought is having some effect. for most commodities, that is being offset by higher prices, whose values are up. the big difference, obviously, i
health care workers could wreak havoc on the industry. >>> china's cyberwarriors have penetrated the biggest institution. the white house promises to strike back. a former nsa official is here how to do it. "piles of money" coming up. ♪ to grow, we have to boost our social media visibility. more "likes." more tweets. so, beginning day, my son brock and his whole team will be our new senior social media strategists. any questions? since we make radiator valves wouldn'tt be better if we just let fedex help us to expand to new markets? hmm gotta admit that's better than a few "likes." i don't have the door code. who's that? he won a contest online to be ceo for the day. how am i supposed to run a business here thout an office?! [ male announcer ] fast, reliable deliveries worldwide. fedex. [ male announcer ] fast, reliable deliveries worldwide. (announcer) scottrade knows our and invest their own way. with scottrade's smart text, i can quickly understand my charts, and spend more time trading. their quick trade bar lets my account follow me online so i can rct in real-time. plus,
on this group. it is one of 20 groups we trace back to china origins amongst other groups that we follow. but in the report, we lay out you know, 60 pages of detailed findings. it is very data thick and analysis thick over 3,000 digital indicators to help detect and find the threats. in the report, we build up the case for why we believe that this is traced back to the pla the people's liberation army inside of china in particular inside of their third department second bureau which is a unit we call -- a unit that is called 61398. >> bill: in addition to the "new york times," who else were they targeting? >> they've targeted a lot. we found -- again we've been investigating this for six years. along with other victim -- other attacks. but with this group in particular they've compromised over 141 victims over six years that we had visibility into. what's really interesting is it spanned over 20 different industries. we had victims from public affairs to construction, aerospace education legal engineering, electronics i.t., the list goes on and on. >> bill: big names right? i've seen blo
securities firm pointing the finger at china. i am joined by tom, who was a member of the commission on cyber security. the administration tiptoed over whether china was responsible for these cyber attacks. >> i think they are signaling to the rest of the world but we are more willing to not only publicly embarrass those regimes but the use hard and soft power. >> what did you say could be done to protect u.s. computer systems? >> we recommend a number of things, first to modernize authority for criminal penalties as well as to regulate statutes, to improve the way they protect data. many have taken a lackadaisical approach to securing them, over relying on things to protect themselves. >> are those vulnerable? >> every system is vulnerable. they said there are those of us who know they have been hit and those who do not know. there are only two types, and we need to understand there is a multiplicity of factors. it is a free fire zone, and nations to not control the lawlessness. >> what is the worst-case scenario? what are we talking about, the stock exchange going down? >> it is about manip
into a world with fewer opportunities. foxconn is freezing hiring at its china factories. following china's lunar new year holiday, many foxconn employees have returned to work, something the company did not anticipate. many workers remain at home during the holiday break, and factories typically face a worker shortage. no word on when the freeze will end. it's official: office depot has agreed to buy officemax in an all stock deal worth $1.2 billion. it's something that has been rumoured for years as the number two and three chains struggle with declining revenue at retail stores and intensifying competition from staples. following the merger, office depot and officemax will close stores, save on advertising and streamline supply chain efforts. a redesign at yahoo.com: new ceo marissa mayer is putting her stamp on the company with a new look for its home page. it includes content that users may customize and a simpler, streamlined design. yahoo has seen the loss of revenues, and users leaving for competitors, for several years. the main aim of the new design, the first in four years, is
, home to some very unusual creatures. there is an on-line debate in china about the trial of a pensioner accused of murdering a doctor and a height of the cultural revolution more than 40 years ago. launched in 1966, the revolution was marked by intense violence against intellectuals and other people who were seen as members of the bourgeoisie. john says the details of the case are slowly filtering out. >> we have only got the most basic of details. we know that the defendant is a man called mr. chu. we do not have his given name, only his family name. we know that the trial is taking place in a district in one of their eastern provinces. as you say, we know that it relates to a crime dating back more than 40 years, which took place in 1967, the murder of a doctorate the height of the cultural revolution. one year after the chairman had begun his decade of violence. mr. chu is accused of murdering his doctor and cutting off his legs before burying him. a pretty brutal crime. the cultural revolution itself is still somewhat of a taboo subject in china. this case has prompted, as you say,
now they seek the united states isn't going to stop them and china isn't going to stop them. so there's very little to prevent the north koreans from going ahead. >> when you say china and the united states are going to stop them, how would china and the united states stop them? >> well, the united states could do a number of things including some crippling financial sanctions that be bush administration put in place in 2005. they worked, we took them out in 2002 at the behest of beijing. that was premature. china is going to support them with aid and the chinese said they're not going to permit new sanctions in the security council. so basically the north koreans don't see anything blocking their path to more missile and nuke tests. >> shepard: is the north korean goal to become a nuclear power or to advertise its wares, to other rogue groups? >> i think the answer to that is both. the iranians are reported to have been on site for this nuclear test this month, as they were in 2006 and 2009 in the to prior tests. the iranians have been the for the long range ballistic missile test. n
thieves. >> reporter: when a country like china dumps tires or other products on the u.s. market, it's pretty clear how to respond: raise tariffs and slap penalties on the producers. but how do you punish a chinese company that is suspected of receiving trade secrets through a government operation the government of china refuses to acknowledge? >> how you sanction a country with regards to cyber-espionage? i think we are still writing the book on that. it's a brand new area of exploration and i don't think policy makers really have the definitive word on how this will be accomplished. >> reporter: a new report says shanghai is home base for a massive chinese hacking effort that may involve thousands of people, but the u.s. and most other countries also employee secret armies of programmers engaged in some form of cyber- espionage. and that makes it harder to define a diplomatic solution to the problem. >> a lot of the most important military information in the world is on weapons systems that are developed by private corporations whether in this country or other countries around the
korea wants to completely unify it as the republic of south korea. china supplies 90% of the north korea's energy and food and humanitarian systems, convincing younger chinese who already see north korea as a pretty ugly piece of baggage that they could live with a reunified korean peninsula isn't going to be easy, but that's going to be the way to proceed. >> and china says the reason they like the status quo, they're worried that the people from north korea, refugees come into china and is there anything to be said for that the world really would help china deal with the refugee crisis should it arrive? otherwise north korea is marching towards making a deliverable nuclear weapon. that seems abundantly clear. >> the chinese see two problems, i think that's fairly easily resolved. the united states, south korea, japan should say to the chinese we all have an interest if the north korean state collapses and keeping the north koreans in north korea. we ought to cooperate. what the chinese are worried about longer term a reunified korea will see the troops on the olive river and saw that m
of the world, europe, still very slow, but china a bit of a rebound, and, maria, the u.s. doing okay. again, hewlett-packard better than anticipated. >> all right, david, thank you. stay right there. we're going to bring in david garrity and roger kay of end point technologies associates. good to see everybody. thanks for joining us. want to point out aig numbers are also out, and i want to tell our viewers that there is stock to buy in aig after the close tonight. just spoke with the market-maker there, so we're watching that story as well as this story. hewlett-packard though is the focus right now. david garrity, what's your take on the quarter? >> the earnings multiple for the company, single digits, a five handle. i mean, here's a company. it's great and wonderful that they are doing better in terms of businesses that are losing share in the overall computing market, and it's thighs to see that they are getting some positive margin surprises, but the fact of the matter is hewlett-packard was initially thought to be an innovator and what we see out of corner, fine, we can rearrange the
, make 3 million cars in china every year, a company you can own to play the catch up trade in the emerging markets. >> howard? >> i agree with what sarah said. apple has couldn't come up 4.7 times ebidta. apple is extremely cheap, the stock will be at $600 the next 18 months. buy it again. >> go back to 600. >> you care about all the proposition 2? >> yeah. >> i don't think it's critical >> i think it is a bit of a nuisance. this is a company that's made more money for shareholders in the last few years than the entire rest of the technology industry combined. give them a break. they didn't even have a dividend 12 months ago. >> right or wrong? >> i don't know if he's right or wrong. i think you have to give management a little bit more time. i think that we are going a little too hasty pushing them h i think they will do the right thing, return more cash to shareholders. no question about it. give them a chance. >> thank you, guys. >> take the foot off their throat. >> join us tomorrow. "squawk on the street" begins right now. >>> good thursday morning, welcome to "squawk
, china is source point for many attacks has come up time and again. is china the area we need to focus our eyeballs on or do we need to take a much wider global stance here? >> i'm more on the technical side of things. i think we uncovered red october. we uncovered all sorts of attacks from all over the world and there is something that needs to be done. i don't know exactly who is going to respond or negotiate first, but something definitely needs to be done at a higher level here. shibani: kurt, the white house just proposed some sort of penalties for sigher attacks. we'll see if that makes any impact. kurt baumgartner of kaspirsky labs. thanks for being on the show today. >> thank you. ashley: somehow i don't think china will blink first. something tells me. this is a story i'm sure will touch a nerve or two. if you're wondering where your tax refund is, you're not alone, the irs website, where's my refund, good question, overloaded from taxpayers trying to access their returns, causing the website to literally freeze. now the site, which is new this year has been so swamped, the ir
on china for the strategic metals. do we have the capacity to mind the same capacity that we're dependent on china for. >> china provides 97% of the rare earth supply for the moment. that is a huge supply. it is one we handed to them because the united states has reserves, known resources that we're working to prove up. our company and other companies are working to do that now. we have not been in the game. we're getting in the game but it takes time because of this permitting process to move into production. during that time, we're at disadvantage. sandra: congratulations getting the permit. david: good start anyway. sandra: thanks for joining us to share the news, dan. >> thanks very much. i'm happy to be here. david: appreciate it. come back to see us. crocs, the stock is up after reporting a record year. coming up next the ceo of crocs joins us on a first on fox business interview to tell us how the new spring line in expanded retail stores could make 2013 a even better year. sandra: plus despite the drop in oil prices you could feel a lot more pain in the pump down the road. we'll s
sources around the world. we go to china first, where the government is denying reports that a secretive chinese military unit is behind hacking attacks on america. it comes after a cybersecurity firm says it hacked into a network that was linked to a building in shanghai that's associated with the chinese military. now, the firm says that lots of stuff has been stolen from the united states over the past four years. our david mckenzie is covering the story. i went there and i asked him how police responded to him and his crew as they tried to shoot video of this secretive building. >> reporter: erin, the security company based out of virginia says it tracked the hackers to here in shanghai, china. in fact, to a building north of here, which we tried to visit. in this building, they said there were highly trained hackers, working over years to infiltrate u.s. companies in particular, to steal data and corporate secrets. look at the reaction of the security officials as we got closer to the building. keep driving. drive away. drive away. >> reporter: they demanded some tape, which we gave
of their way to say china is not the only country committing economic espionage against the u.s. but in their report today, bill, six of the seven cases they highlighted involved china. >> bill: do experts say that these moves are strong enough to stop them? n they say it's going to be hard because hackers are always coming up with new technologies to get past the latest security software. but eventually it could all just escalate into a stand-off. >> structurally, it's going to end up a lot like the concept of nuclear deterrence where countries will be deterred from engaging other countries. i would say they'll definitely be a public face and private facing side to it. >> officials say that companies and people also need to do more training and to use their heads better, maybe think twice about clicking on that single link to some web site that you never heard of that shows up in an e-mail from me to you, bill, with no message on it. delete that one. >> use the beam. thank you, peter. peter barnes in washington. >>> want to make a quick 30 grand? take a dip in this river in c
time. >> all right. thank you very much. we appreciate your taking the time. >>> we go to china where the government is denying reports of hacking attacks on america. it comes after a cybersecurity firm says it hacked into a network and it led to a building in shanghai that is associated with the chinese military. the firm says lots of stuff has been sold. our david mckenzie is covering the story. he went there and i asked him how police responded to him and his crew as they tried to shoot video of the secretive building. >> reporter: erin, the company tracked the hackers to here in shanghai, china, in fact to a building north of here which we tried to visit. in this building they said that they were highly trained hackers working over years to infiltrate data and corporate secrets. look at the reaction of the security officials as we got closer to the building. >> keep driving. drive away. >> reporter: they demanded the tape, which we gave to them. they said this is in no way to do with them, that they don't condone hacking and in fact it is illegal here in china. they also say that
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